|Bid||10.51 x 1100|
|Ask||14.46 x 800|
|Day's range||13.61 - 15.00|
|52-week range||3.00 - 40.20|
|Beta (5Y monthly)||4.35|
|PE ratio (TTM)||N/A|
|Earnings date||10 Feb 2021 - 15 Feb 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||8.00|
With me today are Chris Gaut, Forum's Chairman and Chief Executive Officer; and Neal Lux, our Executive Vice President of Operations. Before we begin, we would like to caution listeners regarding forward-looking statements.
Forum Energy Technologies, Inc. (NYSE: FET) today announced third quarter 2020 revenue of $104 million, a decrease of $10 million from the second quarter 2020. Orders received in the quarter increased by $7 million to $92 million. Net loss for the quarter was $22 million, or $0.19 per diluted share, compared to a net loss of $5 million, or $0.05 per diluted share, for the second quarter 2020. Excluding $12 million, or $0.11 per share of special items, adjusted net loss was $0.30 per diluted share in the third quarter 2020, compared to an adjusted net loss of $0.29 per diluted share in the second quarter 2020. Adjusted EBITDA was negative $10 million in the third quarter 2020, an improvement of approximately $2 million from the second quarter 2020.
Forum Energy (FET) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.